Greenland Technologies Holding Corporation (GTEC)

GTEC Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	5.4	6.66	22.98	16.3	11.06	7.16
Short-Term Investments	14.76	18.54	2.82	7.8	2.11	-
Cash & Short-Term Investments	20.16	25.19	25.8	24.1	13.17	7.16
Cash Growth	7.36%	-2.34%	7.07%	82.98%	83.94%	237.14%
Accounts Receivable	42.11	38.53	43.62	43.09	53.47	43.21
Other Receivables	-	-	-	30.21	39.68	38.54
Receivables	43.34	38.77	43.84	73.3	93.15	81.75
Inventory	25.87	25.19	24.89	23.51	26.24	15.83
Prepaid Expenses	1.95	1.54	0.05	1.57	0.01	-
Restricted Cash	2.14	1.95	5.21	3.43	6.74	2.24
Other Current Assets	-	-	-	-	-	0.66
Total Current Assets	93.47	92.65	99.79	125.91	139.31	107.64
Property, Plant & Equipment	14.3	14.76	15.82	18.21	19.04	20.14
Long-Term Investments	6.93	4.13	9.92	0.25	-	-
Goodwill	-	-	-	-	0	0
Other Intangible Assets	3.33	3.36	3.64	3.79	4.04	4.04
Long-Term Deferred Tax Assets	0.43	0.43	0.26	0.22	0.14	0.16
Other Long-Term Assets	0.19	0.25	1.05	6.74	0.04	0
Total Assets	118.65	115.58	130.48	155.12	162.57	131.98
Accounts Payable	48.2	42.47	61.99	53.15	71.57	48.43
Accrued Expenses	0.73	3.15	1.98	1.46	1.15	1.69
Short-Term Debt	0.54	0.09	3.14	10.61	11.97	25.74
Current Portion of Leases	0.53	0.52	0.49	0.47	0.23	0.8
Current Income Taxes Payable	1.48	1.2	0.76	0.19	0.11	-
Current Unearned Revenue	-	-	-	-	-	1.78
Other Current Liabilities	4.71	10.1	4.18	0.32	0.44	0.37
Total Current Liabilities	56.18	57.54	72.52	66.21	85.46	78.81
Long-Term Leases	1.03	1.17	1.68	2.18	0.05	0.17
Long-Term Unearned Revenue	1.21	1.26	1.53	-	-	2.34
Other Long-Term Liabilities	2.13	2.34	4.08	7.3	2.21	-
Total Liabilities	60.56	62.31	79.82	75.68	87.72	81.32
Additional Paid-In Capital	27.47	27.47	30.29	30.29	23.76	13.71
Retained Earnings	40.45	36.44	22.38	38.26	37.51	31.25
Comprehensive Income & Other	-3.29	-3.71	-2.58	-2.83	1.01	-0.06
Total Common Equity	64.62	60.21	50.08	65.71	62.28	44.89
Minority Interest	-6.53	-6.94	0.57	13.72	12.56	5.77
Shareholders' Equity	58.09	53.27	50.65	79.43	74.84	50.66
Total Liabilities & Equity	118.65	115.58	130.48	155.12	162.57	131.98
Total Debt	2.1	1.78	5.31	13.26	12.25	26.7
Net Cash (Debt)	18.06	23.42	20.49	10.84	0.92	-19.55
Net Cash Growth	115.43%	14.27%	89.10%	1075.25%	-	-
Net Cash Per Share	1.33	1.72	1.55	0.91	0.09	-1.95
Filing Date Shares Outstanding	17.39	13.59	13.59	12.98	11.33	10.5
Total Common Shares Outstanding	13.59	13.59	13.59	12.98	11.33	10.23
Working Capital	37.29	35.11	27.27	59.7	53.84	28.84
Book Value Per Share	4.75	4.43	3.68	5.06	5.50	4.39
Tangible Book Value	61.29	56.85	46.44	61.93	58.25	40.85
Tangible Book Value Per Share	4.51	4.18	3.42	4.77	5.14	4.00
Buildings	11.2	11.13	11.44	11.78	12.75	12.45
Machinery	22.94	22.79	21.56	21.55	22.48	21.43
Construction In Progress	0.01	0.01	0.02	0.02	0.41	0.09

Updated May 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q